Wednesday, August 27, 2014

China has not had any major problems and thats unsual according to Jim Rogers

Well, China is the second largest economy in the world, and if the second largest economy in the world has problems, it’s going to affect some people. If nothing else, the people who do business with China, will be suffering. That’s a lot of people, because it is such a huge economy now. It’s just like…if America has problems; it affects a lot of people.

If Japan has problems, it affects some people. So there is no question that China will have problems – I don’t know what, or when, or why – but every country has problems, somewhere along the line. What is a little bit unusual is that it’s been a long time since China has had major problems. That is extremely unusual. That’s one reason I’m not buying many shares in China right now: they have big debts, internal debts, so I’m waiting in case there’s a problem coming out of China. If there is problem or some problems, I hope, I’m smart enough to buy more china.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

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